Should You Incorporate Your Medical or Dental Practice?

Should You Incorporate Your Medical or Dental Practice? Running a medical or dental practice is not the same as operating most businesses. In fact, until relatively recently, regulated professionals did not have the option to incorporate and access the advantages of...

Outsourcing Your Accounting Is a Smart Business Decision

Outsourcing Your Accounting Is a Smart Business Decision As more and more business owners look for ways to find more time in their day and ensure they are using all their resources in the best way possible, many are looking at outsourcing their accounting. Is this...

THE CANADA EMERGENCY RESPONSE BENEFITS (CERB)

On August 20, 2020, the New Minister of Finance, the Honorable Chrystia Freeland in cooperation with the Minister of Employment Carla Qualtrough, announced some changes to the Employment Insurance (EI) program and new income support benefits that will better support...

THE YEAR OF EMIGRATION

Canada is one of the few countries in the world that imposes a tax on emigration or charges what is often referred to as a “departure tax”. When an individual emigrates from Canada in a calendar year, they are treated as a Canadian resident for the period they are a resident in Canada, and a nonresident for the time period they are a nonresident of Canada, and is usually referred to as a part-year resident.